Aust stocks close little changed

Local market little changed after Reserve Bank governor said he sees no impediment to rate cut.

The local market rallied in afternoon trade to close flat again today as investors welcomed the prospect of a possible interest rate cut next week.

At 1615 AEST official market close, the S&P/ASX 200 benchmark index inched up 0.02% to 5,047.2 points, while the broader All Ordinaries index edged down 0.03% to 5,026.3 points.

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